The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-06-30
MYSTIFIED.
vail Street Dazed by the
r. FField-Manhattan Deal.
,orrD,s B. & 0. ACQUISITION.
If Excitement, Rumor ana
4 Day ,1.+Ion Among the Bulls
aud Bears-Gener"I'
49,. Professionalism Deal,


49,, YORK. June 29.-The street was
,nIstelv mystifed a. the develop
oon fjn the Manhattan stock to day
hls" taw Of the operators believed that
D.. =, " Field had suffered heavily
~ tbo deal. The transfer, as far as
0y !a' ,nown. was of Fields third IN
n ma o9o shares. The pool and price,
l EtLyJ today told a friend, was $lZo
6Ou-G &c ~ Field is still believed to
per 1 nsarIv 10000 shares or stock, and
Aoll n'H -e1orted that enough OF this
u Wa he taken by Jay Gould to give
WON4u o ~ control of the pro-
mn G0uld's holding now amounts
Pei9,In I'm 00O shares, requiring about
70 o,6 shares more TO make a
mo- announcement Of the deal was fol-
lived Ln to-day by numerous rnmors re-
.ur Western Union and Baltimore
ga nbia II was said that Jay Gould
q IN, asreed to take the Baltimore q
aSG tasIegraph system, and form a new
onrV eT and place Austin Corbln IN
C Contpoi Corbin ridlcules the story, but
us .Gn tolt was accompanied by heavy
INC snU orders. and the stock advanced
w W. na- cent on the strength devel-
q ~ hz, II Gould is also said to nave
70 talyon m 1000 shares OF Reading stock,
and the brokers are unanimous IN the
oninion that more deals are forthcoming:
New England came in for It's snare OF
rnm T The story that Henry Hart
bed soid most Of his Pacific Mail was
confirmed to day by the delivery OF a
grgat many certificates IN his name.
IA Is understood to be no longer In
control of the company. - c.
The evening Sun says: Wall Street
Look on little spirit of excitement Just
at the close of business on the ticker
report that Gould had acquired the
Baltimore and Ohio telegraph lines by
purchase from Robert Garrett. Ever
since Alfred Sully made his ridiculous
failure to purchase the Baltimore and
Ohio on an option given him by Gar
rett, that option has been held by
Henry S. Ives. broker. Ives option
covers railroad, telegraph, and all other
allied properties, and was renewed last
Saturday until the middle of July;
while that option holds good nobody
but Ives can buy or sell the Baltimore
and Ohio Railway or telegraph. ives is
after railroads and don't want any
telegraph. He has an idea that
Gould does want another telegraph,
and that he can be induced to take the
Burlington Il Ohio telegraph, thus max
ing il easier to pay for the
railroad. Negotiations to that eff
feet we're in progress yesterday,
and it is not unlikely they may have
succeeded; that is, if Ives can manage
TO buy the telegraph and railroad on
CARROTS terms. Gould vii take the
telegraph eff his hands at his own
tGouId'sl terms. That is the
exact situation at the present writ
lag. Pacific Mail was resting
quietly at the close of business, and
friendly relations were proclaimed
between Gould and Hart. Hart has
sold all the stock he proposes to at
present prices, and claims to have
enough slowed away in his safe to Sc
cure MS control. He will not resign
tne presidency, nor does Gould ask It;
Ou' he has rendered Gould one or TWO
'HVle directors If he wants them.